Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. — Q1 2010 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2010
Slide 1: Q1 2010 Earnings Presentation
Q1 2010 Earnings Presentation BRSA Bank Only
Slide 2: Macro Outlook
Q1 2010 Earnings Presentation Macro Outlook > After steep declines in the first two quarters of 2009, GDP turned around remarkably with 6% growth in the fourth quarter. Annual GDP contracted 4.7% in 2009. Markets revise assumptions and forecasts upwards for 2010 GDP growth. > Policy rate remain unch
Slide 3: Banking Sector Outlook
Q1 2010 Earnings Presentation Banking Sector Outlook > In terms of banking activities, 1Q10 has been a strong quarter thanks to the improvement in the operating environment. A higher figure in collections and relief in specific provisions supported bottom lines. > NIM contraction still continues. >
Slide 4: Q1 2010 Highlights
Q1 2010 Earnings Presentation Q1 2010 Highlights High profitability ratios with strong asset quality and efficiency > Generating TRY 515 mn profit, up 41.3% compared with the same period of last year. > Continued stellar ROE performance at 34.7%. > ROA of 3.4% is a strong indicator of profitability.
Slide 5: Asset growth is driven by loan expansion
Q1 2010 Earnings Presentation Asset growth is driven by loan expansion ASSET GROWTH IEA Asset Mix (%) YoY 20.7% QoQ 4.6% 94.2% Loans Securities Other Assets Total Asset Growth (TRY billion) Composition of IEAs (a) 20.7% 94.0% 93.9% 94.2% 4.6% FX 26.7% 26.6% 27.3% 51.8% 53.5% 55.0% 63.5 60.7 52.6 TRY
Slide 6: The asset growth was primarily funded by deposits - Comfortable L/D ratio
Q1 2010 Earnings Presentation The asset growth was primarily funded by deposits - Comfortable L/D ratio Loan to Deposit (%) Composition of IBLs (a) Liabilities Mix (%) Total L/D Deposits Other Liabilities Funds Borrowed Shareholder’s Equity Interbank Money Market 74.5 85.7% 85.5% 85.3% 68.4 73.9 FX
Slide 7: Securities portfolio remained flat
Q1 2010 Earnings Presentation Securities portfolio remained flat Total Securities Portfolio (a) (TRY billion) Total Securities Composition HTM AFS Trading 21.4 21.6 19.5 4.0 3.4 0.5% 0.2% 0.3% For the rest of the 16% 17.9% 22.3% 23.7% 4.3 19% year, TRY 4.9 bn FX 22% redemptions expected. 15.2 17.4 1
Slide 8: FRN dominated TRY securities portfolio helps margins remain high
Q1 2010 Earnings Presentation FRN dominated TRY securities portfolio helps margins remain high Total Securities Portfolio (a) (%) FX Securities Portfolio (a) (%) FIX 35 38 35 FIX 80 99 98 FRNs 65 62 65 FRNs 20 1 2 Mar-09 2009 Mar-10 Mar-09 2009 Mar-10 TRY Securities Portfolio (a) (%) CPI-linkers con
Slide 9: Brilliant increase in lending activity driven by commercial and retail segments
Q1 2010 Earnings Presentation Brilliant increase in lending activity driven by commercial and retail segments (TRY billion) (a) 30.1% YTD Change (%) 7.9% 34.2 TOTAL LOANS 31.7 1.1 Fund Loans down -0.5% HALKBANK B. SECTOR (b) 29.7 1.2 3.3 Cooperative Loans YTD 7.9% YTD 6.1% 27.6 1.1 3.3 up 0.7% 26.3
Slide 10: Remarkable growth in retail lending up 50.4% YoY
Q1 2010 Earnings Presentation Remarkable growth in retail lending up 50.4% YoY (TRY million) (a) 50.4% HALKBANK 12.1% 8,213 7,327 YTD 12.1% YTD Change (%) 4,567 6,332 5,923 Consumer Loans B. SECTOR 5,459 4,140 up 10.3% YTD 4.2% (b) Share in total 55.6% 3,766 3,494 3,114 3,079 Housing Loans 2,655 up
Slide 11: Increased momentum in FX lending by 14.0% YtD
Q1 2010 Earnings Presentation Increased momentum in FX lending by 14.0% YtD Loans by Currency (a) (TRY million) Loans By Types (%) Commercial 63% FX 7,304 8,847 10,082 29.5% Funds 3% Cooperatives 10% TRY 18,966 22,819 24,092 70.5% Retail 24% Mar-09 2009 Mar-10 Market Share in Loans by Currency (%) L
Slide 12: Non-cash loans increased 50% in TRY, 64% in USD terms
Q1 2010 Earnings Presentation Non-cash loans increased 50% in TRY, 64% in USD terms over the same period last year Breakdown of Non-cash Loans (a) Non-cash Loans (a) (TRY billion) (Mar-10) 49.5% 71% 10.1 Letters of 9.3 Guarantee 6.8 26% Letters of Credit Bank Loans and Other 3% Mar-09 2009 Mar-10 (M
Slide 13: Despite the rise in coverage ratio, CoR is down 25 bps
Q1 2010 Earnings Presentation Despite the rise in coverage ratio, CoR is down 25 bps NPL Portfolio (TRY million) NPL Coverage (%) 1,668 1,702 83.1 89.0 90.2 (a) 1,422 Since 2002 81.4 82.7 78.0 Legacy of 629 600 year 2001 603 and before Mar-09 2009 Mar-10 Mar-09 2009 Mar-10 NPL/Total Loans (%) Loan L
Slide 14: NPL ratio still stands below banking sector average with no sell-offs
Q1 2010 Earnings Presentation NPL ratio still stands below banking sector average with no sell-offs NPL/Total Loans (a) (%) Consumer Loans (b) (%) Halkbank Sector (a,b) 5.2 5.2 5.4 5.1 5.1 5.1 5.0 4.3 5.0 4.8 4.7 4.9 3.7 4.7 2.6 2.7 4.3 2.5 2.4 2.3 Mar-09 Jun-09 Sep-09 2009 Mar-10 Mar-09 Jun-09 Sep-
Slide 15: Deposits expanded by customer acquisition
Q1 2010 Earnings Presentation Deposits expanded by customer acquisition TRY Deposits by Types (a) Total Deposits by Currency (a) Demand Deposits (TRY billion) (TRY billion) (TRY billion) Other Institutions Public Sector TOTAL DEPOSITS Demand Deposits/ Interbank Savings Total Deposits (%) HALKBANK B.
Slide 16: Constantly increasing figure of fee income; 31.3% YoY
Q1 2010 Earnings Presentation Constantly increasing figure of fee income; 31.3% YoY Net Fees & Commissions Income (TRY million) 31.3% Though net fees and commissions income has increased incessantly, due to the rapid 134 134 114 111 rise in total income, the share of net fees 102 and commissions inc
Slide 17: C/I ratio of 29.7% proves high efficiency
Q1 2010 Earnings Presentation C/I ratio of 29.7% proves high efficiency Operating Expenses (TRY million) Operating Expenses/Average Assets (%) 23.1% 4.3% 321 334 2.1 2.1 2.2 294 308 272 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Mar-09 2009 Mar-10 Cost/Income (%) Breakdown of Operating Expenses Other 20% Communi
Slide 18: Net Interest Income surged by 23.7% YoY
Q1 2010 Earnings Presentation Net Interest Income surged by 23.7% YoY Net Interest Income (TRY million) Breakdown of Interest Income 23.7% 64% on Loans 878 840 769 784 678 35% on Securities Other 1% Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Interest Income (TRY million) On Securities On Loans NIM (%) 1,102 1,03
Slide 19: Cost-Yield-Spread
Q1 2010 Earnings Presentation Cost-Yield-Spread (a) Cost of Deposits (%) Spreads (%) On Loans On Securities 8.0 8.2 7.7 7.9 10.5 7.2 8.1 7.2 5.6 5.4 5.0 4.8 4.4 4.0 4.1 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Yield on Loans (b) (%) Yield on Securities (%) 18.1 14.5 16.1 12.6 15.1
Slide 20: Net Income - Key Ratios
Q1 2010 Earnings Presentation Net Income - Key Ratios Net Income (TRY million) ROE (%) 41.3% 21.7% 33.0 32.5 34.7 515 365 424 Q1-09 Q4-09 Q1-10 Mar-09 2009 Mar-10 ROA (%) CAR (%) 3.4 16.0 15.4 2.9 2.9 14.9 Mar-09 2009 Mar-10 Mar-09 2009 Mar-10 Financial Institutions and Investor Relations 19 www.hal
Slide 21: Branch Network – Human Resources
Q1 2010 Earnings Presentation Branch Network – Human Resources • Branch network has been strengthened with 11 new branches opened in the 1Q 2010. The total figure climbs up to 679. • 711 new employees have been recruited in the 1Q 2010. Total Branches (a) Human Resources 679 12,900 12,998 668 12,467
Slide 22: Balance Sheet
Q1 2010 Earnings Presentation Balance Sheet YTD YoY In TRY million Q1-09 2009 Q1-10 Change (%) Change (%) Cash and Balances Held with the Central Bank (a) 2,990 3,416 3,049 (11) 2 Banks & Money Market (b) 1,050 1,136 1,586 40 51 Securities (b) 19,451 21,373 21,573 1 11 Net Loans (b) 27,205 32,458 34
Slide 23: Income Statement
Q1 2010 Earnings Presentation Income Statement QoQ YoY In TRY million Q1-09 Q4-09 Q1-10 Change (%) Change (%) Interest Income 1,830 1,626 1,565 (4) (14) On Loans 1,102 1,035 1,002 (3) (9) On Securities 678 563 540 (4) (20) Interest Expense 1,151 748 725 (3) (37) On Deposits 1,043 601 616 3 (41) Net
Slide 24: For further information please contact
For further information please contact halkbank.IR@halkbank.com.tr DISCLAIMER The information contained in this presentation has been prepared by Türkiye Halk Bankası A.S. (the Bank) for informational purposes only. Although the information in this presentation has been obtained from sources which t
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